Howmet Aerospace Inc. (NYSE:HWM) Position Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,792 shares of the company’s stock after selling 864 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Howmet Aerospace were worth $2,391,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Howmet Aerospace by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after acquiring an additional 1,274,974 shares during the period. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after acquiring an additional 2,813,911 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after acquiring an additional 3,158,186 shares during the last quarter. Lone Pine Capital LLC bought a new stake in shares of Howmet Aerospace during the second quarter worth approximately $284,539,000. Finally, Capital World Investors grew its position in shares of Howmet Aerospace by 41.3% during the 4th quarter. Capital World Investors now owns 3,507,255 shares of the company’s stock worth $189,813,000 after buying an additional 1,025,102 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 1.3 %

HWM opened at $102.03 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The firm has a market cap of $41.65 billion, a P/E ratio of 49.29, a P/E/G ratio of 1.47 and a beta of 1.46. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $103.00. The business has a fifty day simple moving average of $95.29 and a 200-day simple moving average of $82.67.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is 15.46%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Northcoast Research restated a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Benchmark increased their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Truist Financial boosted their price objective on Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.07.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.